HONG KONG Hong Kong's next leader said on Wednesday she would work to rebuild "social harmony" and push economic development while announcing a new cabinet with few new faces to govern the financial hub. Carrie Lam, 60, Hong Kong's first female chief ... ( read original story ...)
Think Toronto is bad? This $664,000 parking spot shows how crazy Hong Kong is
HONG KONG — In many places, US$664,000 can buy you a nice house ... buying a property is not only one of the most important decisions in life, it is also a financial transaction entailing significant leverage through borrowing.” For his money, Kwan ... ( read original story ...)
Guangzhou Rural Bank makes subdued HK debut after $1 billion IPO
HONG KONG Shares in Guangzhou Rural Commercial Bank Co Ltd (GRCB) (1551.HK) traded mostly flat in their debut on Tuesday as retail investors shied away from the largest IPO in Hong Kong so far this year, a sign of diminishing interest in financial sector ... ( read original story ...)
Hong Kong’s new start-up board is a dream come true, for all the wrong reasons
To the creative minds in mainland China, the recent proposal of a new board for start-up companies by the Hong Kong Stock Exchange is a dream come true. Unfortunately, all that glitters is not gold, and investors have seen plenty of the exchange’s ... ( read original story ...)
Meltwater buys Hong Kong start-up Klarity to harness data from Chinese social media
International media intelligence company Meltwater has acquired Hong Kong-based analytics start-up Klarity in a move that is expected to deepen the firm’s ability to harness data from major Chinese social media platforms like WeChat and Sina Weibo. ( read original story ...)
CICC has just hired these outstanding interns
If you want to intern at CICC in Hong Kong or China, here’s who you have to live up to ... in the equity research team in Hong Jong and it follows a stint last summer at McKinsey & Co. But it’s away from internships that her CV stand out. ( read original story ...)
‘Dangerous Situation’ for Hong Kong Property Market, Says Finance Chief
Hong Kong’s property market is in a dangerous situation and vulnerable to a correction, Financial Secretary Paul Chan said in an interview. The warning comes as rate hikes by the U.S. Federal Reserve send borrowing costs higher in Hong Kong, given the ... ( read original story ...)
Hong Kong’s mini apartments boom as property prices soar
With its marble-clad lobby, sweeping balcony views and sleek, modern decor, Donny Chan's apartment building would seem the kind of upscale tower most young Hong Kong professionals aspire to live in. But not for Chan, 39, who avoids spending time in his ... ( read original story ...)
Mulberry Banks on Yang Mi’s Star Power as It Expands in China
The joint venture will set about further expanding the Mulberry brand in mainland China, Hong Kong and Taiwan. Mulberry was also busy opening a Shanghai store in April, and in May it opened a Hong Kong boutique. Online, Mulberry has created a Chinese ... ( read original story ...)
As Hong Kong Flats Shrink, Developers’ Coffers Swell
That’s slightly less space than Stanley Prison, a 30-minute drive across the Hong Kong island, affords its inmates. Cramped living spaces in the world’s major cities are nothing new. But few places have reached such extremes as Hong Kong, where housing ... ( read original story ...)
Hong Kong stocks likely to extend weekly decline after tech sell-off
Hong Kong shares are likely to decline on Monday morning after futures on the benchmark index opened lower in the city. June futures contracts on the Hang Seng Index fell 0.3 per cent, or 71 points, to 25,426 before the spot market opened at 9.30am. ( read original story ...)
Hong Kong keeps S&P’s top ‘AAA’ rating despite Moody’s cut
Hong Kong’s economy has become more integrated with China’s over the past 20 years since the handover – but the city continues to be higher rated, at “AAA”, reflecting the views there are still traditions that are distinct to it and not mainland ... ( read original story ...)
Despite challenges, startups see a bright future for tech companies in Hong Kong
Hong Kong is one of the world’s premier financial hubs, but can it be a destination for tech startups? That was the question put to a panel of experts at the TechCrunch China event in Shenzhen today. The answer, largely, was yes but it may need a little ... ( read original story ...)
Hong Kong green groups urge lawmakers to block Lantau office if more conservationists are not included
Green activists in Hong Kong are urging lawmakers to reject the government’s plan for a new office to spearhead Lantau’s development unless more conservation experts are included. The Sustainable Lantau Office, which will be set up after funding is ... ( read original story ...)